The Peters Report 11-3-24
The Sunday Edition of the Money Flow Newsletter
MFG STATE OF THE MARKET 11-3-24
Last week’s market activity was intense, and this week could bring even more volatility with the upcoming Presidential election and the FOMC's November interest rate decision on the horizon! It appears we survived the Halloween sell-off with all three of the major indexes closing in the green on Friday.
Gold (GLD) is still leading The Wind and hit a new all-time high again. Bitcoin (BTC) is holding its stage 3 consolidation zone above its 200-day SMA. BTC tested its 20-day SMA, but has closed above it. The Dow Jones (DIA) is still in a stage 4 decline. The S&P 500 (SPY) and the Nasdaq (QQQ) are entering possible stage 4 declines as well.
Look for undervalued stocks and follow the Money Flow rules. Oil (USO) is in a stage 1 accumulation zone below its 200-day SMA. Bonds (TLT) are in a stage 1 accumulation zone and trading at a near extreme-low RSI reading right below its 200-day SMA. This week will tell us more if the markets and bonds roll over.
Communication Services (XLC) was the best performing sector of the S&P 500 (SPY), while Real Estate (XLRE) was the worst. Be patient and stay in flow.
Grab a free copy of Gerald’s life-changing ebook “You Don’t Have To Die Broke!” CLICK HERE!
Last week was another amazing week for the MFG portfolio!! Reddit (RDDT) and Snapchat (SNAP) both popped over 20% when their earnings report was released and price tagged an extreme-high RSI reading. The MFG trimmed down shares here to lock in profits.
I put on a short-term swing trade in Altria (MO) and price hit its target and an extreme-high RSI reading in one day! I closed the trade for a quick gain. We also saw beautiful moves out of CRSP, COP, and MBLY and PZZA completed its B&B swing trade. I closed my BTC futures contracts for a nice win.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I’m keeping a close on the QQQ, SPY, DIA, XLB, XLI, XLV, XLRE, XLP, XLU, SLV, AGQ, ADBE, AGNC, AAPL, BUD, CPB, CVS, DOW, GIS, KHC, KO, MRK, O, OXY, PFE, REM, AIR, AMDL, CLSK, CONL, ENVX, F, BORR, DKNG, ROKU, SMCI, SPYU, TQQQ, UBER, UTSL, and AMDY.
I’m looking to accumulate shares of VZ, TLT, TMF, DG, HUM, MRNA, NUE, WBA, RIVN, SNOW, BARK, F, ADBE, SOXL, and extreme-yield funds BABO, DIPS, SNOY, MRNY, YMAG, YMAX, XPAY, WTDE, QQQY, and IWMY.
-GP a.k.a Fullauto11 🧙🐼
The Peters Report - Stock & Crypto Trader’s Resource
Always remain bullish and follow The Money Flow.
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MFG HOMEWORK ASSIGNMENT!! 2 PARTS!!
THIS WEEK’S HW VIDEO #1: THE PETERS REPORT FRIDAY’S LIVE MARKET CHECK-IN!!
THIS WEEK'S HW VIDEO #2: THE STRANGEST SECRET TO SUCCESS!!
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The Peters Report - Stock & Crypto Trader’s Resource
Third Quarter Earnings Season is Underway
More than 100 S&P 500 companies are scheduled to report earnings this week.
Monday: PLTR
Tuesday: MPLX, SMCI
Wednesday: ALB, CELH, CVS
Thursday: ABNB, DKNG, DUK, GOLD, HSY, RVN, SQ, WBD
Friday: DJT
Important Events This Week
Presidential Election November 5th
FOMC Meeting November 6-7th
Trade Ideas This Week
[See trade idea RIVN chart below.]
Rivian Automotive Inc. RIVN 0.00%↑ is in a stage 1 accumulation zone and trading in a possible zone of support. This is a speculation play in the electric vehicle (EV) space.
👉👉Trade ideas this week: SOXL, CELH, SNOW, BARK, RIVN
👉👉B&B trade ideas: CVS, F, MRK, OXY, DG
👉👉Crypto trade ideas: CLSK, WGMI, CONL,
👉👉Dividend ideas: BABO, DIPS, YMAX, YMAG, IWMY, QQQY, WDTE
👉👉Top yielders I’m watching closely: GUT, BCAT, PSEC
👉👉Speculation plays: BARK, JOBY, BORR
👉👉New tickers: XPAY
[See trade idea BARK chart below.]
The Original BARK Company BARK 0.00%↑ is in a stage 1 accumulation zone right at its 200-day SMA. This is a speculation play on the pets trade. I’ve been accumulating shares here.
Stay Up To Date 👇🌊
Embracing Uncertainty: The Key to Happiness in Stock Trading
Being a trader is never easy, but it can be a simple straight path.
Let’s go, MFG!!!
To achieve the results that the top 5% of people in the world achieve, you must be willing to do what 95% of others won’t.
Trading requires you to be disciplined and study the markets everyday.
Let’s get a little bit richer everyday together. I appreciate you and believe in you. 🐼🐼🐼
IMPORTANT RESOURCES CRITICAL TO YOUR SUCCESS AS A MONEY FLOW TRADER!!👇👇👇
A Step-By-Step Guide to Complete Your Sunday Homework CLICK HERE!!
GP’s Video of Doing Your Sunday Homework The Money Flow Way CLICK HERE!!
Get Access to GP’s “MFG Trade Ideas of The Week” Chart Pack CLICK HERE!!
View the FULL LENGTH of The Peters Report! CLICK HERE!
Purchase GP’s Trading Book The Money Flow Trading System CLICK HERE!!
As always, MFG- do your fucking homework! If you need help with getting started on your homework watch this video above and read my latest article about my step by step guide to completing your Money Flow Playbook! No more excuses!!
Always remember, whatever you think about comes about, whatever you focus on grows. - GP
Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 or email GP fullauto11@gmail.com to join.
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